Regist¢red ChaTity no.: 1152463
NEW COVENA￿ CHURCH
Edmonton
TRUSTEES REPORT AND FINANCIAL STATEMENrs
FOR THE YEAR ENDED
31 December 2024

NEW COVENANf CHURCH- EDMONfON
AnnualTrustees Report and Financial Statements
Year Ended 31 December 2024
CONTExrs
Page
Legal &d administrative inforniation
Reportof the Trustees
Reportof the auditors
7-11
Statemfflt of financial activities
12
Balancesheet
13
Notes to the financial statements
14-19
Detailed Income and expenditure accounts
20-21

NEW COVENANT CHURCH . EDMONTON
Annual Trustees Report and Financial Statements
LEGAL AND IIDMINISTRATIVE INFORMATION
Trustees:
Patience Enenmoh
Olugbenga Kunuyi
Akinwale Olurebi
Toluwalase A Atanda
George C. Eke
Phyllis Pamella Campbell
(resigned 2810212025)
(resigned 3110712024)
(resigned 0511012024)
Registered offJce:
65 Church Street
Edmonton
Middlesex
N9 9PY
Charity number:
1152463
Auditors:
l Landor Road
London
SW9 9RX
Bankers:
CAF Bank
HSBC Bank PIC

NEW COVENANf CHURCH. EDMoiYfoN
REPORT OF THE TRUSTEES
FOR YEAR ENDED 31 DECEMBER 2024
Registsred Chari
Number 1152463
STRUCTURE, GOVERNANCE AND MANAGEMENr
Goverlltng document
The chrity is controlled by its governing documenL a Declardtion of TTUSt 2012.
Organisational strncture
The TDJstees held four meetings in 2024 to promote the charity's strategies and p0￿cleS and review
the implementation of the v￿louS programmes and projects geared towards achieving the charitable
objectives, including ensuring activities (existing and new) are perniitted within objects. Some
evidence of decision-making and compliance responsibilities is attached as meeting notes.
Risk nJm2gement
The T￿teeS continue to identify, review and manage risks to which the Charity is exposed to ensure
appropnate controls, and to put in place reasonable assurance against errors. Board Resolutions were
passed, and ongoing review of delegated authority and appropriate processes are in place, e.g., for
financiat transactions, procurement, and contract services. The charity ensured that policies and
procedwes that enable the governance of its operations, staff, and volunteers are in place and relevant
OBJECTIVES AND ACTIVITIFS
Constitution, Objectives and aims and Organisation of our Work
The ObFCtives of the Church is set out in the Declaration of Trust
l) The advancement of ChtistiaD Faith in the United Kingdom.
2) Supprt for general education by supporting enrichrnent of education, sponsorship, training. and
charitaFle activities.
3) The relief of persons who are vulnerable and poor. including support and rehabilitation of those
who are alcoholics, homeless and habitually indulging in substance misuse in the United Kingdom.
Princi￿1 activities
The ￿]nCipal Activities of the ch￿lty are Chtistian worship and involvement of various ministries
and ministers of religion in pmpagating the Christian Tenets of faith to members (and non-members)
who se& to learn and develop an understanding of the Gospel through the various meetings provided
by the Church. There is also an extension of the Chtistian Faith through other direct community
outreach programmes provided by the church.
Charitsble activities
The Boards of Trustees are pleased to report as follows:
PUBLIC BENEFIT
The Adiancement of Christian Faith
The Trustees of the charity having due regard for reporting the public benefit provided by the charity
in line with the Charities Act 2011, are pleased to report that the church has continued its
involverllent with many communities focused Outreach programmes and projects providing direct
benefits for the public in the United Kingdom.

NEW COVENANT CHURCH. EDMONTON
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 20
Registsred Charity Number 1152463
Places of worship
The New Covenant Church in 2024 has continued its cornmitment of the advancement of dr
Christian Faith in line with its charitable objectives through the provision and njaintenance of owr
place for Ckllistian Worship in the United Kingdom. The continued provision and place of Christia]
Worship (online and physically in our building) are important functions of the Charity's activities
which provide members of the public with the ongoing opportunity to grow and develop in tF£
Christian faith, teachings, and principles.
Evangelism
Evangelism is the church's core value and outreach strategy of the church to reach out to
communities. In addition to street evangelism, the charity has Evangelism Teams which engage with
the community infonnally, distributing food parcels, bibles and gifts to fatnilies and individuals. This
strategy h&s enabled the evangelism teams to become aware of various day to day challenges sonr
beneficiary's experience. thereby providing the opportunity to advise and direct them to the relevant
projects and supporting agencies that will give them needed advice and practical support.
Youth Ministry
The Youth Ministry Teams run vibrant Christian youth programmes weekly. These are designed
support the spiritual growth of tbe youths. The youtb services are coordinated by Youth Minister5.
The youth services are held in the Youth Church departments and take place at the designated times.
The Youth Church also held a range of online events geared towards encouraging socialising and
learning on life issues. Sessions were held to encourage Christian way of life, to be responsible youth
members of communities, provided advice on social issues, career and support during and after tlr
exams. The youths were and continue to be mentored into leadership roles by having the opportunity
to participate in various departmental activities of the church.
Children Ministry
The charity through a combination of on-site and online technology continues its implernentation of
the Christian faith by ensuring that children were inclusive, in the learning process of ongoing age-
appropriate Bible teachings.
The ministry focused on building self-confidence and raising high self-esteem in each child. This
was achieved through teaching, music, d[arn￿ and dance sessions. As a miDiStry it continues to cater
for the spiritual needs of children every Sunday, through age-appropriate Bible stories and scripture
teachings. Also, the Sunday Sch(x)I continues to help cbildren enhance their learning of the Bib16
through memorization of passages.

NEW (OVENANT CHURCH - EDMONTON
REPORT OF THE TRUSTEES
FOR IHE YEAR ENDED 31 DECEMBER 2024
istered Charity Number 1152463
RELIEF OF PERSONS IN CONDrrIoNS OF NEED, HARDSHIP, DISTRESS, SICK OR
AGED
The Cknity continues to provide relief to persons who are in conditions of need, hardship, or distress
or whO￿e sick or vulnerable.
Pastora Care & Bereavement Support.
The Charity continues to provide care and counselling to bereaved families who have lost loved ones.
The charity additionally provides financial help to bereaved families to assist them in such times of
difficulties. The charity also provides iDforn]al counselling services to Membe￿ and non-members of
the Ch￿￿h and to students.
J2:18 .Support Project
New Covenant Church Edmonton also runs J2:18, a support project that dispatches food parcels to
the immliate areas of need in our conmlunity when necessary.
STATEMENT OF TRUSTEES RESPONSJMILITIES
The trustees (who are also the directo￿ of New Covenant Church for the purposes of company law)
are resp)nsible for preparing the Report of the Trustees and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (rhe New United Kingdom
Gener￿[Y Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and
applicatron of resources, including the income and expenditure, of the charitable company for that
period. In p￿paring those financial slatements, the trustees are required to:
- seleclsuitsble accounting policies and then apply them consistently"
- observe the methods and principles in the Cbarity SORP.
- makejudgements and estimates that are reasonable and prudent.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume
that thecharitable company will continue in business.
The tnLStees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of tbe chatitable company and to enable them to ensure
that the fmancial statements comply with the Cornpanies Act 2006. They are also responsible for
safegu&ding the assets of the charktable company and hence for taking reasonable steps for the
prevenbon and detection of fraud and other irregularities. The trustees have complied with the duty in
section 17(5) of the 2011 ch￿]tieS Act to have due regard to guidance published by the Charity
Con]mission (i.e. public benefit statement).

IYEW COVENANI CHURCH - EDMONTON
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
istered Charity Number 1152463
STATEMEf+rr OF TRUSTEES RESPONSIBILITIES . Continued
In so far as the trustees are aware:
- there is no relevant audit inforn]ation of which the charitable company's auditors are unaware.
- the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit infonnation and to establish that the auditors are aware of that information.
FINANCIAL REVIEW
The book values of the assets held at the year end are, in the opinion of the Board of Trustees, as
stated in the financial statements. Also, in its opinion, adequate assets are available to fulfil
obligations of the ch￿lty. The increase in assets was largely in respect of the increased savings in
anticipation of future projects as well as addition to properties at tbe Bolton brancb of the charity.
A summary of the result of the New Covenant Church's activities during the period is given in
Statement of Financial Activities on page I l.
Total incorne of the charity amounted to £359,228 (2023: £430,266) including income from regular
sunday tithes and offering of £267,465 (2023: £322.241).
Total resources expended in the year include direct costs of £160,769 (2023: £207,187) primarily
relating to the operational costs of running the clwity. management and support costs of £104,928
(2023: £95,876) and financing costs of £83,469 (2023: £86,197). The governance costs of £10,3(1)
(2023: £12,150) mainly made up of audit fees and legal and professional expenses a￿ approved by
the Trustees.
The total funds as at 31 December 2024 w&s £1,297,506 (2023: £1,297.746) all of wbich related to
unrestricted funds.
RESERVE POLICY
The Charity Maintains unrestricted funds, which are the free reserves of the charity, at a level that is
at least twelve months of comn]itted expenditure, excluding financing and other costs. Excess
unrestricted funds, to the extent represented by liquid assets. will be used to meet recurrellt
operational costs, except where the Trustees consider that the funds should be retained for possible
INVESTMENf POLICY
The Trustees have the power to invest in such assets as they deern fit. The Cl￿rity's investment policy
is appropriate to the nature of the funds for which the investment is held. The Primary investment
aim is to provide a high degree of security and liquidity and to maximise returns whilst adopting a

NEW COVENANT CHURCH . EDMoKfoN
REPORT OF THE TRUSTEES
FOR TIIE YEAR ENDED 31 DECEMBER 2024
Registered Charit Number 1152463
GRANf.MAKING POLICY
The CFarity does not provide grants and therefore does not have a policy on ￿ant-rnaklng. The
TrnSte￿ however, give gifts and donations as an effective means of delivering support and assistance
to other programmes that fit within the objectives of the Charity. No gifts or donations were made
during ￿e year under consideration.
AUDITORS
A prop)sal that the auditors, Fainnan Harris be re-appointment as auditors of the charity will be put
to the &)ard of Trustees at the forthcoming Amiual General Meeting.
By Order of the Board of Trustees
GEORGE EKE
Trus
Date..
12108125

NEW COVENANT CHURCH . EDMONTON
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
We bave audited the financial statements on pages 12 to 19 for the year ended 31 December
2024 which comprise the statement of financial activities, the balance sheet and the
related notes. These financial statements have been prepared under the historical cost
convention and the accounting policies set out therein.
Opinion
In our opinion:
the fjnancial statements give a true and fair view, in accordance with the New United
Kingdom Generally Accepted Accounting Practice, of the state of the charity's affairs
as at the year end and of its incoming resources and application of resources,
including its income and expenditure, for the period then ended"
the financial staternents have been properly prepared in accordance with the
Statement of Recommended Practice and the Cbarities Act 201 I" and the
inforn]ation given in the Trustexs Report is consistent with the financial statements.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK and
Ireland) issued by the Auditing Practices Board. An audit includes examination on a test basis,
of evidence relevant to the amounts and disclosures in the financial statements. It also includes
an assessment of the significant estimates and judgements made by the Trustees in the
preparation of the financial statements. and of whether the accounting policies are appropriate
to the charity's circumstatncies, consistently applied and adequately disclosed. We planned
and perfornled our audit so as to obtain all the inforn]ation and explanations which we
considered necessary in order to provide us with sufficient evidence to give reasonable
assurance that the financial statements are free from nyaterial misstatemenL whether caused
by fraud or other iregularity or error. In forniing our opinion we also evaluated the overall
adequacy of the presentation of inforn]ation in the financial statements.
Conclusions relating to going Concern
In auditing the financial statements, we have concluded that the Trustees use of the going
concern basis of accounting in the preparation of the financial statements is appropriate. Based
on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively May cast significant doubt on the charity's
ability to continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees, with respect to going concern are
described in the relevant sections of this report.

NEW COVENANT CHURCH- EDMONTON
INDEPENDENT AUDITORS, REPORT
FOR IHE YEAR ENDED 31 DECEMBER 2024 .
other]nforn￿tiOll
This cmprises of the inforn]ation included in the annual reporL other than the financial
statemtllts and our auditors report thereon. The Trustees, are responsible for the other
inforn]ation contained within the annual report. Our opinion on the financial statements does not
cover the other inforn]ation and, except to the extent otherwise explicitly stated in our report
we do express any forni of assurance thereon. Our responsibility is to read the other
inforiiiaÈion and, in doing so, consider whether the other infonnation is materially inconsistent
with the fmancial statements or our knowledge obtained in the cOu￿e of the audit, or otherwise
appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to detern]ine whether this gives rise to a material
mistatenent in the financial statements themselves. If, based on the work we have perfonned.
we conclude that there is a material misstatement of this other inforniation, we are required to
report that fact. We have nothing to report in tbis regard.
Matters on which we are reqllired to report by exception
In the nght of the knowledge and understanding of the Charity and its environment obtained in
the cojjtse of the audit, we have not identified material misstatements in the Trnstees, Annual
ReporL
We have nothing to report in respect of the following matters where we are required by law
to report to you rf, in our opinion:
adequate acounting records have not been kepL or retunis adequate for our audit
have not been received from branches not visited by us. or
the accounts are not in agreement with the accounting records and returns. or
certain disclosures of truestees remuneration specified by law are not made: or
we have not received all the infom]ation and explanations we require for our audit.
Respective responsibilities of trustees and auditors
The T￿￿teeS have responsibilities for preparing the Trnstees, Report and the fmancial
statemfflts in accordance with applicable law and United Kingdom Accounting Standards.
These Jre set out in the Statement of Trustees, Responsibilities in the Report of the
Trnstees.
Our responsibility is to audit the financial statements in accordance with relevant legal and
regulat(ry requirements and international standards on Auditing (UK and Ireland)
Specifiedlly:
to examine the books and accounts of the charity in compliance with Section 43
of the 1993 Act"
to stiictly adhere to the general directions provided by the Charity Commission
under Section 43(7)(b) of the Charities Act 1993; and
to state whether particular matters bave come to our attention in the course of our
examination.

NEW COVENANT CHURCH . EDMoNfoN
INDEPENDEiYf AUDITORS, REPORT
FOR THE YEIIR ENDED 31 DECEMBER 2024
We report to you whether the fmancial statements have properly been prepared in accordance
with the New United Kingdom Generally Accepted Accounting Practice and in accordance
with the Charities Act 2011.
We also report to you whether the inforn]ation given in the Trustees, Report is consistent
with the fmancial statements. We consider the implications of our report if we becorne aware
of any apparent misstatements or Jnaterial inconsistencies with tbe financial statements.
In addition we report to you if the charity has not kept proper accounting records, if we have
not received all the Inforn￿tiOn and explanations we require for our work, or if inforniation
specified by law regarding trustees, rernuneration and other transactions with the charity is
not disclosed.
We read the other inforniation contained in the Annual ReporL and consider whether it is
consistent with the audited financial statements. This other knfom]ation comprises only the
Trustees Report. We consider the implications of our report if we become aware of any
apparent misstatements or material inconsistencies with the financial statements. Our
responsibilities do not extend to other inf0m￿tioll.
The extent to which the audit was considered capable of detecting irregularities including
fraud
Our approach to identifying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non-
compliance with applicable laws and regulations:
we identified the laws and regulations applicable to the cklatity through discussions
with trustees and other nwiagemenL and from our commercial knowledge and
experience of the industry.
we focused on specific laws and regulations which we considered may have a direct
material effect on the financial statements or the operations of the charity, including
the Companies Act 2(K)6, taxation legislation, data protection, anti-money-
laundering, employmenL environmental and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above
through making enquiries of management.
identified laws and regulations were communicated within the audit team regularly
and the team remained alert to instances of non-compliance throughout the audit.

NEWCOVENANT CHURCH
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
We &5sessed the susceptibility of the charity's fmancial statements to material misstatement.
including obtaining an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility
to frdud, their knowledge of actual, suspected and alleged fraud"
considering the internal controls in place to mitigate risks of frdud and non-
compliance with laws and regulations
To adthess the risk of fraud through management bias and override of controls. we:
perfornied analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions.
assessed whether judgements and assumptions made in detern]ining the accounting
estimates set out in note I were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.
In respnse to the risk of i￿egUlarlttes and non-compliance with laws and regulations, we
designdl procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance"
enquiring of management as to actual and potential litigation and claims. and
reviewing coffespondence with HMRC.
There are inherent limitations in our audit prncedures described above. The more Temoved that
laws aul regulations are frorn financial transactions, the less likely it is that we would become
aware of non-compliance. Auditing standards also lin]it the audit procedures wuired to identify
non-cojnpliance with laws and regulations to enquiry of the directors and other management and
the instection of regulatory and legal correspondence, rf any. Material misstatements that arise
due to fraud can be harder to detect than those that arise from e￿Or as they may involve
deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on
the Fillancial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This
description forn￿ part of our auditor's report.
io

NEW COVENANT CHURCH
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 20
Use of our report
This report is made solely to the charitys trustees. as a body. in accordance with Section 144
of the Charities Act 2011. Ourt audit work h&s been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditor's report
and foT no other purpose.To the fullest extent pern)itted by law, we do not accept or assume
responsibility to anyone other than the charitys trustees as a body, for our audit work for our
audit work, for this report, or for the opinions we have fonned.
FAHREEN MEGHANI FCA
Fairnian Harris
Chartered Accountants and Registered Auditors
l Landor Road
LA)ndon, SW9 9RX
Date." Li
li

NEW CQVENANT CHURCH- EDMoNfoN
STATENENT OF FINANCIAL ACTIVITILS (SOFA)
(INCLUDING INCOME AIYD EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
Total
2023
Total
Notes
INCOhffiG RESOURCES
Volunta
income
Donation& tithes and offerings
267,465
267,465
322,241
Other intttmin
resources
Gift aid neivable
Sundry income
Mission contribution received
LA)ss on diqposaI
Bank intetest receivable
Total incmiing resources
50,597
23,695
17.405
50,597
23,695
17,405
57,855
16,250
35,734
(2,002)
188
430,266
67
359.228
67
359,228
RESOURCES EXPENDED
(Costs ofactivilies infyrtherance of the
objects Ol￿e charity)
Direct Chiitable activities
Managernent and Support activities
Governan￿ costs
Finance ccsts
Total re￿rCeS expended
160,769
104,928
10,300
83,469
359,466
160,769
104,928
10,3CM)
83,469
359,466
207,187
95,876
12,150
86,197
401,409
Net movenent in funds for the period
Total funik brought forward
Total Fll￿ as at 31 December 2024
(238)
1,297,746
1,297,506
(238)
28,857
1,297,746 1,268,889
1,297,506 1,297,746
All of the above results are derived from continuing activities. All gains and losses recognised in
the period are included in the above.
12

NEW COVENANf CHURCH . EDMONTON
BALANCE SHEET
AS AT 31 DECEMBER 2024
Unrestricted Restricted
2024
2023
Notes
FIXED ASSETS
Tall￿ble assets
2,524,738
2,524,738
2,558,916
Current &S5ets
Stock
Debtors and prepayments
Cash at bank and in hand
29,798
21,728
51,526
29,798
21,728
51,526
27,348
36,843
64,191
Creditors: amounts falling due
within one year
(57.814)
(57,814)
(54,904)
Net current assets
(6,288)
(6,288)
9,287
Total assets less current liabilities
2￿18,451
2518,451
2￿68,203
Creditors: amounts falling due after
more than one year
10
(1,220,945)
(1,220,945) (1,270,459)
1.297,506
1,297,744
Net a&sets
1,297,506
Financed by:
Funds
12
1,297,506
1,297,506
1,297,744
Total funds
1,297,506
1,297,506
1,297,744
12108125
The financial statements were approved by the Board of Tn￿teeS on ...............
and were signed on its behalf by:
GEORGE EKE
Trustee
13

NEW COVENANT CHURCH . EDMONTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 20
Principal accounting policies
The following accounting policies have been applied in dealing with items which are
considered material in relation to the charity's financial statements.
Basis of preparation
The financial statements have i￿en prepared under the historical cost convention and in
accordance with the Statement of Recommended Prdctice (SORP): Accounting and
Reporting by Charities preparkng their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the
Charities Act 2011.
Funds
General funds are untestricted funds available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated
for other pU￿Oses.
Restricted funds can only be used for particular restricted purposes within the objects of
the charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purpose.
Tangible r￿ed assets
Tangible fixed assets are stated at their purchase or revalued amounts, together with any
incidental cost of acquisition.
Depreciation is provided on all tangible fixed assets. from tbe dates they are brought into
use, at rates calculated to V￿lte off the costslvaluation over th¢ir expected useful
economic lives as follows:
Land and buildiDg
Fixtures and fillings
Motor vehicles
Computer and other equipnient
costlvaluation
reducing balance
reducing balance
reducing balance
Stock8
Stocks are valued at the lower of cost and net Tealisable value, after making due
allowance for obsolete and slow moving items.
14

NEW COVENANT CHURCH- EDMONTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 21
Incoming resources
Voluntary income, comprising donations in the fonn of regular offerings and tithes.
provides core funding. This is recognised where there is entitlenient, certainty of receipt
and the amount can be m¢asured with sufficient reliability.
The value of services provided by volunteers is not inCOfPOTated into these financial
statements. Furth¢r details of the contsibutions made by volunteers can be found in the
Trnste¢s' Re￿rt.
Resources expended
Direct costs comprise those costs incurred by the charity in the delivery of its activities.
It includes both costs that can be all￿ated directly to such activities and those costs of an
indirect nature necessary to support them.
Expenditure is recognised on an accrnals basis as liability is incurred. Charitable and non-
charitable expenditure is aIlocated to the respective activities and any shortfall is funded
frorn unrestticted funds. Where costs cannot be directly attributed to particular headings
they have been allocated to activities on a basis consistent with the use of resources.
Costs of charitable activities are those costs relating to the activities carried out to meet
the objectives of the Church. These include IKIth directly attributable costs and
apportioned support costs.
Governance costs
Governance costs ar¢ the costs associated with the strategic direction of the organisation
and with m¢eting the constitutional. l¢gal and regulatory requirements of the charity.
Staff costs
Total staff costs during the period were:
2024
2023
Salaries and Wages
100.789
93.603
No employee received remuneration of more than £60,(XK).
The average numb¢r of employees duTing thc year
15

NEW COVENANT CHURCH. EDMONTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Emoluments to the TnL8tees
No emoluments were paid to the Trnstees. The Trustees however. are reimbursed for
expenses incurred by them in the course of their duties.
3. Voluntary income
2024
2023
Tithes and Offerings
Gift Aid
Other Income
Mission contribution received
267.465
50,597
23.695
17,405
322.241
57,855
16.250
35.734
359,161
432.080
4. Governance costs
The governance costs of the charity consisted of the following costs:
2024
2023
Auditor's remunerdtion
Accountancy fees
IEgal and professional
4,800
3,51X)
4,800
3.500
3.850
10.300
12,150
5. Finance Costs
2024
2023
Bank charges
Mortgage interest
294
83,175
371
85,826
83,469
86.197
6. Net incoming resources
The net incoming resources at¢ stated after charging the folEowing costs:
2024
2023
Depreciation
Auditors, remunerdtioD
34,178
4,800
35.982
4,800
16

NEW COVENANT CHURCH . EDMONTON
NOTES TO THE FINANCIAL STATEMEN13
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed
All as5els are heldfor chariiable purposes
Land &
buildin
rittin
ui
Cost
Balances blf
Additions
Disposal
Balances clf
2,876,380
11,596
64.685
2,876.380
11.596
64,685
Accumulated
reciation
Balance blf
Disposal
Charge for the year
Balances clf
339,119
6.993
47,632
28.764
367.883
1.151
8.144
4,263
51,895
Net book value
At 3111212024
2.508,497
3,452
12.790
The historical cost of land and buildings as at 31.12.2014 per Land Registy report is
£1.706,277. A revaluation on the property known as 65 Church Street Was carried out on
14 August 2019 by Bruton Knowles LLP.
2024
Total
2023
Total
Cost
BaIances blf
Additions
Disposal
Balances clf
2,952,660
2,816.061
151,600
(15.000)
2.952,660
2,952.660
Accumulated de
Balance blf
Charge for the year
Disposal
Balances clf
reciation
393.744
34.178
370,760
35.982
(12,998)
393,744
427,922
Net book value
2.524,738
2,558,916
17

NEW COVENANT CIIURCH
NOTES TO THE FINANCIAL STATEMENIS
FOR THE YEAR ENDED 31 DECEMBER 2024
Debtors
2024
2023
Prepayments and accrued income
Other Debtors
29.798
27,348
29,798
27.348
9. Creditors due within l year
2024
2023
Loans and overdraft
Other creditors and accruals
49,514
8,300
46,604
8,300
57,814
54,904
10. Creditors due after l year
2024
2023
Loans and overdraft
1,220,945
1,270,459
Creditors due after 5 years
Loans and overdraft
994.565
990.309
Char
esRe
stered
CAF bank holds a fixed and floating charge on th¢ capital and assets of the organisation
namely 65 Cburch Street Edmonlon.
11. Taxation
The company is a registered charity and is not liable to corporation tax on its charitable
activities. Gift aid donations for which declarations have been r¢cieved from the
respective donora Conf￿ing that the given donation be treated as Gift Aid donation are
reclaimed by the company ("the CR￿ltY").
12. Reconciliation of funds
Balances at
Movement in R¢sources
Balances at
0110112024
Incomin
Out
oin
3111212024
Unrestrictsd funds
Revaluation reserve
Restricted funds
389.483
908,261
359.228
(359.466)
389,245
908,261
1.297.744
359,228
(359,466)
1,297,506
18

NEW COVENANT CHURCH
NOTES TO THE FINANCIAL STATEMEK13
FOR THE YEAR ENDED 31 DECEMBER 2024
Reconciliation of funds - continued
2024
2023
Represented by:
Fixed Assets
Current Assets
Liabiliti¢s
2,524,738
51,526
(1.278,759)
1.297,506
2.558,916
64.191
(1,325,363)
1.297,744
13. Related party traL$actio￿8
Other than donations and funds receiv¢d there were no transactions with related parties
during thc period,
19

NEW COVENANT CHURCH- EDMoNfoN
INCOMEAND EXPENDITURE ACCOUNr
FOR THE YEAR ENDED 31 DECEMBER 20
2024
2023
COM
Donaliom, tithes and offerings."
Unrestricted
267,465
322,241
Other inc&me
Interest ￿e1Vable
Lnss on dLsposal
Gift aid
Sundry income
Mission contribution received
67
188
(2,002)
57,855
16,250
35.734
50.597
23,695
17,405
91,764
108,025
359,228
430.266
EXPENDITURE
Direet Clwitable Costs..
Wages and salaries
Rates
Honorarium
Donations
Evangelismloutreach work
Welfare wpport
Training
Missions
Audiolvisual & musician expenses
Publicity
Officelgefteral administration
70.552
1,041
6,250
1,5(M)
16,942
4,217
4,226
28,701
25,854
65,522
4,929
8,449
6,000
17,887
8,242
520
47,697
44,159
1,364
2,419
1,486
160.769
207,187
Management & Support
Wages
Rent andrates
Premise5 maintenance
Insuranc¢
Light and heat
Telephone
inting,postage & stationery
30,237
184
26,341
3,454
7,672
2.191
250
28,081
870
15,250
3,298
10,102
2,037
70,328
59,637
Balances carried forward
231,098
359,228
266,824
430,266
20

NEW COVENANT CFIURCH- EDMoNfoN
INCOME AND EXPENDITURE ACCOUNf. continued
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Balances brought forward
23 1.098
359,228
266,824
430,266
Management & Support- cont'd
Computer and equipment expenses
Depreciation - Freehold propety
Depreciation - Fixture & furnitures
Depreciation - Computer equipment
422
28,764
1,151
4.263
256
28,764
1.534
5,684
34,6(K)
36,238
Governance costs..
LegaE & Professional
Auditor's remuneration
Accountancy fees
3,850
4,800
3,500
4,8(Kl
3.5(K)
10,300
12,150
Finance Costs."
Bank charges
Mortgage iELterests
294
83.175
371
85,826
83,469
86,197
359,466
401.4
surp1￿$ for the period
(238)
28,857
21

NCC Edmonton - Accounts - 31-12-2024
Final AudlReport
202&08-11
Created.,
202￿11
By..
John Boye fjashburt0nb@gr￿li1.r￿￿n}
Status:
Stgned
Transa¢Am ID:
CBJCHBCMBAAthTy_DIPPggDyJJ*bk-crf¥DM17iSJ
"NCC Edmonton - Accounts - 31-12-2024" History
Document craated by John Boye (iashburtonb@gmail.com)
2025-08-11- 8.'22..44 PKI GMT
* Docun8nt emailed to George Eke (geotsna99@yahoo.¢om) for signature
2025-￿11- 8:22:48 PM GMT
Emailwewed by George Eke {geotana99@yahoo.wm)
20254W11- 11:31:50 PM Gmr
Docunerrt e-signed by George Eke (geotana99@yahoo.com)
Slgnaire Date.. 202M8-11 - 11'.34.'49 PM GKif-Time Swr(*.' ser
Agreement Completed.
202&￿11- 11:34:49 PM GMT
PnifhLr